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This article comes from: Zhitong Finance and Economics Network
The APP of Zhitong Finance learned that Morgan Stanley believes that investors need to bring Tesla (TSLA) to be held on June 13.Premierleaguepoker.US) the annual general meeting is seen as an event that may produce some additional drama.
Analyst Adam Jonas warns that Tesla is the only company under Mr Musk that does not have control (and minority voting rights). In addition, Mr Musk expressed his concern and unease about pushing Tesla further into artificial intelligence because he would lose about 25 per cent of Tesla's voting rights when something went wrong with this powerful technology, which would increase the risk of shareholder votes involving Mr Musk's 2018 salary plan.
In our view, unless the issue of voting control is resolved, Tesla's artificial intelligence potential will still be limited. This is a great problem for Tesla investors for many reasons, including the inability to quantify the impact. "
Mr Jonas reiterated that as long as the issue of blocking minority stakes remained unresolved, Morgan Stanley expected Tesla's share price to be dominated by more sober developments in the global electric vehicle industry rather than an artificial intelligence premium.
As of February 2024, Musk owns 20.5 per cent of Tesla, including options for the 2018 bonus. Excluding options, Mr Musk owns about 13 per cent of Tesla. Musk called Tesla an artificial intelligence / robot and sustainable energy company. The question for investors is what happens if Musk is not satisfied with his voting control after the shareholders' meeting.Premierleaguepoker?
Musk said the company would spend more than $500 million on new electric car chargers to expand its network of supercharging stations. Earlier, it was reported that Tesla was considering shutting down the charging business of Supercharger electric vehicles. Mr Musk clarified: "Tesla still plans to expand the network of supercharging stations, but at a slower pace in new locations and more focused on 100 per cent uptime and expansion of existing locations."
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